Jordanian Royal Family and Money

[paloma]

The Jordanian royal family is not poor by any means. For anyone to feel sorry for them because they are not as wealthy as the European royals or Gulf states is a joke. These people still have more money than the average person. When they stand in line with food stamps, then I may pity them. But for now, if they are that worried about money, they were born with two arms and two legs.....they can get a JOB!

Rania is educated. If Mary Donaldson can work at Microsoft, then I'm sure Rania would have no problem getting hired.

[nicole]

Shortly after KH's death QN sold their home in DC for about $40 or $50 Million (I can't remember the exact figure). So the king was defenetly not poor and neither are his widow, and their 4 children. I think the other kids--Alia, all of Muna's 4 kids and Ali and Haya were left with very little. Abdullah is now raking it in because he's king and if you read the Jordan times today it mentions that Jordan just got $190 Million in US aid. Who's to say that there isn't some $$ that king took underneath the table. I also heard that Rania gets a "salary" of $200,000/year. That's almost a quarter of million for all her beautiful clothes, jewels and....

[silver charm]

$200,000/yr would get you politely booted out of many of the shops QR frequents.

[zento]

Originally posted by nicole@Jun 23rd, 2004 - 4:20 pm
Shortly after KH's death QN sold their home in DC for about $40 or $50 Million (I can't remember the exact figure). So the king was defenetly not poor and neither are his widow, and their 4 children. I think the other kids--Alia, all of Muna's 4 kids and Ali and Haya were left with very little. Abdullah is now raking it in because he's king and if you read the Jordan times today it mentions that Jordan just got $190 Million in US aid. Who's to say that there isn't some $$ that king took underneath the table. I also heard that Rania gets a "salary" of $200,000/year. That's almost a quarter of million for all her beautiful clothes, jewels and....

what?? 50 million?? are you serious??
what kind of a ranch/mansion was that??
Mariah Carey & Tommy Mottolla sold their huge NEW mansion/ ranch with lakes and what not in New York Bedford for 10 or 15 million .
I seriously doubt Noor's ranch was as big,no way...
so the figure of 20 million seems abnormal even 15 million doesn't sound very convincing ,but 50 million
i don't think so

[papillon]

Originally posted by nicole@Jun 23rd, 2004 - 3:20 pm
Shortly after KH's death QN sold their home in DC for about $40 or $50 Million (I can't remember the exact figure). So the king was defenetly not poor and neither are his widow, and their 4 children.

This is from the October 2000 issue of "Washington Life Magazine." The Washington estate was part of a family trust, so who really knows which family members got how much?

by Susanna Monroney Luddy

In a very quiet real estate negotiation, the Potomac River-front property of Queen Noor and the late King Hussein of Jordan has reportedly gone under contract for $7.5 million to a young dot.com family, who prefer not to be named.

Also on the over-12- acre property is another home, which was used as a residence for the royal family's staff. It is currently on the market for $1.2 million. Sitting on two acres of the property, the French chateau-style home has nine bedrooms and seven bathrooms.

Interestingly, the main house was purchased in 1984 for $1,799,800, and the guesthouse was purchased in 1992 for $1,050,000. The extensive security system certainly accounts for some of the appreciation.

Apparently, their 60-acre estate in England has also been put on the market. Next to the British royal family's Windsor Castle, it is listed at about $25 million. Queen Noor and King Hussein had celebrated their 20th wedding anniversary there, surrounded by many royals, plus stars like Harrison Ford.

[zento]

:P

Originally posted by papillon+Jun 23rd, 2004 - 5:07 pm--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (papillon @ Jun 23rd, 2004 - 5:07 pm)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-nicole@Jun 23rd, 2004 - 3:20 pm
Shortly after KH's death QN sold their home in DC for about $40 or $50 Million (I can't remember the exact figure).* So the king was defenetly not poor and neither are his widow, and their 4 children.

This is from the October 2000 issue of "Washington Life Magazine." The Washington estate was part of a family trust, so who really knows which family members got how much?

by Susanna Monroney Luddy

In a very quiet real estate negotiation, the Potomac River-front property of Queen Noor and the late King Hussein of Jordan has reportedly gone under contract for $7.5 million to a young dot.com family, who prefer not to be named.

Also on the over-12- acre property is another home, which was used as a residence for the royal family's staff. It is currently on the market for $1.2 million. Sitting on two acres of the property, the French chateau-style home has nine bedrooms and seven bathrooms.

Interestingly, the main house was purchased in 1984 for $1,799,800, and the guesthouse was purchased in 1992 for $1,050,000. The extensive security system certainly accounts for some of the appreciation.

Apparently, their 60-acre estate in England has also been put on the market. Next to the British royal family's Windsor Castle, it is listed at about $25 million. Queen Noor and King Hussein had celebrated their 20th wedding anniversary there, surrounded by many royals, plus stars like Harrison Ford. [/b][/quote]
you see i was right .....50 million i think i read Bill Gates estate i worth around that or even less..
their home was worth 8 million$,just like i thought i knew it wasn't more than 10 million.
I'm sure Khussein invested most of his money into real estate,coz you never know what might happen with bank accounts,they can be frozen in case of overthrowing them as monarchs it's much safer investing money into property and preferably abroad.

i knew i was right :woot:
and keep in mind that from that 25 million every child of his is entitled to it's fair share.Qnoor might get a lil more than others..

[zento]

Originally posted by silver charm@Jun 23rd, 2004 - 4:22 pm
$200,000/yr would get you politely booted out of many of the shops QR frequents.

that's true,but i think a lot of designers give her clothes for free ,or she buys them for a symbolic price,since she's so popular and famous for her beauty and stuff
and there's no doubt that her hubby is filing his pockets with some provision every now and then

[amina1]

From where can she get a $200,000 salary? From Jordanian people?

[sommone]

Originally posted by silver charm@Jun 23rd, 2004 - 9:57 am
if haya needed money she could GET A JOB!!!!!

I agree with you on that. There are royals that work/worked for a living aren't there? Granted she wouldn't be able to live high on the hog like she would if she were really wealthy...well technically, I guess she is now. What I was saying is that it would be her hard earned money, and I'm sure with some good investments, she could have made a fortune...with the right investments of course. I think it great when royals work, I think it adds that extra everyday people feel to them.

[Dreamcatchergrl]

I am pretty sure that compared to their oil rich neighbors like the Sultan of Brunei, the JRF is not considered wealthy. BUT their neighbors calculate their wealth in BILLIONS. I am sure that there are a few hundred million dollars lying around the JRF family trusts. Maybe QNoor did get a larger portion of the pie and the other children were left out in the cold, but they are clearly not hurting.

Haya does not need to get a job anymore. She's married to the sixth richest man on Earth. And I am very sure that she will be taking care of her siblings- Ali and Abeer.

Even though Abeer is adopted, she is part of the family. I have an adopted neice and she is as much part of our family as I am.

The article talks about family trusts. Most family trusts are iron clad and leave little room for legal shinanigans. For example, when Britain's Queen Mum died, she had established her $ fortune into trusts for her great grandchildren with a larger share going to Harry. Her properties seemed to have been divided amongst her grandchildren. Royal Lodge - Andrew. That scottish castle to Charles. Her jewlery and pictures went to her daughter with legacies to some of the female members of the Windsor clan. Hussein had alot of time to get his affairs in order. I am sure he took care of his children. I just hope he left a portion to his orphaned children -Ali, Abeer and Haya. If he did not, he was not the man I tyhought he was.

[Lalla Meriem]

Sixth richest? Are you sure I just checked the 100 richest for 2003 a few days ago on Forbes and Mo wasn't even given an honorable mention.

[Lalla Meriem]

Originally posted by Humble+Jun 23rd, 2004 - 2:00 pm--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Humble @ Jun 23rd, 2004 - 2:00 pm)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Lalla Meriem@Jun 23rd, 2004 - 1:46 pm
King Hussein had 12 children not 14.

1.&nbsp; Alia
2.&nbsp; Abduallah
3.&nbsp; Faisal
4.&nbsp; Zein
5.&nbsp; Aisha
6.&nbsp; Ali
7.&nbsp; Haya
8.&nbsp; Abeer
9.&nbsp; Hamzah
10. Hashim
11. Iman
12. Raiyah

Queen Noor said that The Sultan of Brunei purchased, at least, one of their many homes for them. They weren't super wealthy.

I don't really see where they got the money for Rania's two multi-million dollar tiaras. I remember her saying that she could not see the point in the expense in the beginning and now she has not one but two. I think all those tailored suites and designer leather jackets that Abduallah wears also must cost a few $$.

As for Sheikh Mohammed taking Haya for his third current wife (he is still married to the lebanese lady, isn't he?). Sure she is attractive, educated, and royal. But, she is also a decendant of the Prophet and I have always thought a Muslim man/women must consider it a terrible honor to be marry one who is of the line of the Prophet.

ABEER is not KH's own daughter...she is kind of adopted... [/b][/quote]
Alia and Hussein adopted Abeer then she was adopted by Noor after Alia died. She has always been considered and counted among the children of Hussein. She is very much a part of the family despite her lack of a title.

[silver charm]

Originally posted by Lalla Meriem@Jun 24th, 2004 - 8:31 am
Sixth richest? Are you sure I just checked the 100 richest for 2003 a few days ago on Forbes and Mo wasn't even given an honorable mention.

mo hasn't been on the forbes list for quite some time. shk mak bin rashid was on a few years back. there is a special article on him on forbes though. under the title of 'visionaries' or something like that with a sub arctile about Shka Lubna.

the problem with the valuation of the maks is that MOST of their assets are public not privately held. for example, dewa is worth about 6-7billion but it is owned by dxb which is owned by maks. so where does the public coffers stop and the private wealth begins.

abu dhabi does give the maks a stipend every year, i think it is mentioned in the forbes article. the stipend is something like 2.5billion or 500mil per brother a year.

[rollin_keef]

In the Australian Womens Weekly, an article about the 10 most eligle bachleors. The issue is 18 months or more old. In it Crown Prince Hamzah was ranked 3rd and it said in it that due to the unstabiltiy of the ME, he could find his family without a throne and that his father left him $150 million US in a swiss bank account.

[zento]

Originally posted by rollin_keef@Jun 24th, 2004 - 7:43 pm
In the Australian Womens Weekly, an article about the 10 most eligle bachleors. The issue is 18 months or more old. In it Crown Prince Hamzah was ranked 3rd and it said in it that due to the unstabiltiy of the ME, he could find his family without a throne and that his father left him $150 million US in a swiss bank account.

yeah, well you know paper can take everything...as if Hamzah was something special.
He was just one of kids ,nothing more.
Maybe he was his favorite but he didn't live him more money than he did to others,otherwise that would make others feel less worthy and I'm sure he would never want them to feel that way.
Haya marrying that grandpa is a proof that KHussein wasn't really super wealthy.
I doubt he had 150 million in total,maybe but doubt it..left it exclusively to Hamzah,no way ,he was just one of 12 nothing more..

[papillon]

Originally posted by Dreamcatchergrl@Jun 24th, 2004 - 2:02 am
I am pretty sure that compared to their oil rich neighbors like the Sultan of Brunei, the JRF is not considered wealthy. BUT their neighbors calculate their wealth in BILLIONS. I am sure that there are a few hundred million dollars lying around the JRF family trusts. Maybe QNoor did get a larger portion of the pie and the other children were left out in the cold, but they are clearly not hurting.

I have no idea what the JRF is worth, but there were reports in reasonably credible publications in the US after KH's death that he left behind a fortune of up to US$1 billion, much of it in real estate and bank accounts in the US, Europe, Saudi Arabia, and elsewhere. It seems high, but not altogether ridiculous when one considers how many gifts of housing he received, how long he was on the throne, how much access he had to aid money and kickbacks from international wheeling and dealing, and the like. If he left behind that large of an estate, it could very well be that CP Hamzah, as a favored son, is worth US$150 million.

At any rate, I don't think anyone's hurting in that family. They may have cash flow problems from time to time because they are so spend-happy, but I, for one, think they have more than tens of millions of dollars in net worth. They live pretty high on the hog considering the condition of the country over which they rule.

[zento]

that sounds kinda unreal,i mean Haya married an old dude ,Ali is almost a bodyguard...
Noor sold her home in Potomac ..
and they're selling another home in england..
why would anyone do that ,unless they're in serious need for money??

1 billion?? 150 million?? ,obviously few million matters a great deal to them since they're selling the property

[papillon]

Originally posted by zento@Jun 24th, 2004 - 11:29 pm
that sounds kinda unreal,i mean Haya married an old dude ,Ali is almost a bodyguard...
Noor sold her home in Potomac ..
and they're selling another home in england..
why would anyone do that ,unless they're in serious need for money??

1 billion?? 150 million?? ,obviously few million matters a great deal to them since they're selling the property

QN is no longer the wife of a head of state, so she doesn't have the staff she used to have to help her maintain and run the homes, and she also doesn't have responsibility for entertaining world leaders on a large scale any more. She doesn't have the access she once had to a private jet to travel between homes. And, also, her children have left the nest, so she doesn't need all the space. I don't find it necessarily unusual that she would want to unload some property at this stage of her life and under these circumstances. Just because she is selling property doesn't mean she is hurting financially. People sell property for all kinds of reasons, cash being just one.

As for P. Haya, well, I think she is a bit rebellious and also probably a bit greedy. P. Ali didn't graduate from the university, and he's not known for being the most responsible person, so his marketability is questionable.

Again, I don't know what the family's net worth is, but I think they are not sensitive to a few million dollars either way. That is probably small change to them. A few million isn't even an astronomical sum to a mid career working professional (e.g., lawyer, doctor, successful business person) living in a major metropolitan area with a high cost of living, so I doubt it is much to the JRF.

[maryshawn]

One member of a prominent Jordanian family said "how much was the King worth? Who know?" Yes, many of their homes were gifts, like the estate in England was a gift from the Queen of England. I do know KH's wives and children all say he was generous to a fault and would give money to people all the time. He'd be listening in the morning to a talk show and hear of a family in need and help them. Haya said once she was riding with her father on his motorcycle and a poor man approached them. KH had no money on him so he took off a very expensive watch and gave it to them. He was famous for buying homes, which proved unsuitable, and then giving them to his kids......He had many burdens but I admire the way he embraced life. He spent money and lots of it and who knows where it came from? I agree; QN--at first--I thought was making a mistake selling their lovely estate in Potomac and renting a house furnished with rented furniture but did she really need all that room and, who knows, she is so eager to raise funds for His Foundation and Hers, the monies may have gone to those causes. Grief is an odd thing we're not factoring in; perhaps England and Potomac were just too full of memories and she couldn't handle it and did what Jacqueline Kennedy did--made a break with the past and moved. No one is ever going to get to the bottom of how much they had although a former butler who ran their Jordanian household for a few years cited in an article in the Washingtonian their annual household budget was $15 million which he said seems like a lot until you factor in staffing, security, entertaining, suitable wardrobes, etc. Wherever he got the money and whomever benefitted, I think the King was a pragmatic, loving family man and would not bequeath an unreasonable amount to Noor and her children w/o providing similar bequests to his other children.....He also bought homes for all his ex wives.....and supported them.